Reading SOUN? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track SOUN free→Reading SOUN? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track SOUN free→NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-06-15
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is neutral. Earnings quality cannot be assessed since the company was unprofitable over the past year. Management's recent track record has been fairly steady. Risk is elevated, and the sector backdrop is a tailwind. Compared with sector peers, SOUN is below typical. Peer multiples imply a price about 124% below where it trades (it looks expensive on this basis); the read is expensive, growth-justified. This assessment is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 2 valuation methods, at three horizons. Current price $7.33. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $7.33, SOUN's earnings are too small for P/E to mean much; on sales it trades at 19× p/s (6.3× the 3× p/s peer median). At a normal multiple the price implies ~65% near-term growth vs our ~67% forecast. That gap is an optionality premium a financial-multiple model can't price — our $4.43 fair value covers only the as-is business, low confidence. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The market is pricing in roughly 65% near-term growth, in line with our forecast of about 67%. This describes what's priced in, not a forecast of the move.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
Flags: expensive valuation, a turbulent sector regime (Heating).
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated neutral grew net income 54% of the time over the next year (vs 68% for the rest of the cohort, n=3704).
Over the trailing year it converted 0.68x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity.
7 material management or governance events in the past 24 months, led by M&A activity. Historically, Information Technology names rated neutral grew net income 64% of the time over the next year (vs 57% for the rest of the cohort, n=1040).
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $-0.02 → $-0.04 (-100.0% / 30d). 0 raised, 0 cut, 4 covering analysts.
0 upgrades, 0 downgrades / 30d. 88% of analysts rate Buy.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$319.
How much price usually moves either way.
On a bad day, this stock has moved -$749.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $7,243.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
As of June 15, 2026, the signal label changed to "cautious." Risk elevated. The sector backdrop remained a tailwind. The management capital stance is capital-friendly, while earnings quality is loss-making.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: If the sector's revenue growth drops below its median, it may hurt SoundHound's performance. The sector is currently in a growth phase.
Confirms:Sector revenue growth reported below its median for the quarter.
Disproves:Sector revenue growth is still above average. This supports ongoing growth.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for SOUN yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Results of Operations and Financial Condition. On May 7, 2026 , SoundHound AI, Inc. (the “Company”) issued a press release announcing financial results and operational highlights for the first quarter ended March 31, 2026 . A copy of the press release is furnished as Exhibit 99.1 to this current report on Form 8-K. The Company is also furnishing as Exhibit 99.2 to this current report on Form 8-K the condensed consolidated balance sheets of the Company as of March 31, 2026 , and the related co…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
For similar setups historically (n=2,301): about 43% saw a 20%+ drawdown, and roughly 77% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Looks more expensive than peers.
Self-history needs ~20 months of data.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Application Software.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
SOUN SoundHound AI, Inc. | Below typical Show detailsSector percentile: 19 of 100 | expensive | elevated |
ORCL Oracle Corporation | Typical Show detailsSector percentile: 66 of 100 | expensive | elevated |
PLTR Palantir Technologies | Above typical Show detailsSector percentile: 82 of 100 | expensive | elevated |
SAP SAP SE | — | — | elevated |
APP AppLovin | Typical Show detailsSector percentile: 60 of 100 | expensive | elevated |
Not investment advice. As of 2026-06-15.
via XLK
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
SoundHound AI aims to achieve a revenue range of $225 to $260 million for the fiscal year 2026.
Stated in 2 of last 2 quarters. Revenue was $44.2M in 2026-Q1. The company maintains its guidance for 2026 revenue to be between $225M and $260M. However, with only $44.2M achieved in Q1, there is limited progress toward the annual target.
“SoundHound AI reaffirms its full year 2026 revenue outlook and still expects it to be in a range of $225 - $260 million.”
“SoundHound’s full year 2026 revenue outlook is expected to be in a range of $225 - $260 million.”
SoundHound AI plans to execute a merger with LivePerson, as announced in April 2026.
Newly stated in 2026-Q1. The merger with LivePerson was announced, aiming to enhance business capabilities. Financial impacts are yet to be realized, as the merger execution is in its initial stages.
“The Company and LivePerson issued a joint press release announcing execution of the Merger Agreement.”
Entry into a Material Definitive Agreement. The Merger Agreement On April 21, 2026, SoundHound AI, Inc., a Delaware corporation (the “ Company ”), entered into a Merger Agreement (the “ Merger Agreement ”), by and among the Company, Lightspeed Merger Sub Inc., a Delaware corporation and an indirect wholly owned subsidiary of the Company (“ Merger Sub ”), and LivePerson, Inc., a Delaware corporation (“ LivePerson ”), pursuant to which, on the terms and subject to the conditions set forth in th…
Regulation FD Disclosure On April 21, 2026, the Company and LivePerson issued a joint press release announcing execution of the Merger Agreement and the Notes Restructuring Agreement. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information in this report furnished pursuant to Item 7.01, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for the purposes of Section 18 of the Securities…
Unregistered Sales of Equity Securities. The information set forth in
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 18, 2026, SoundHound AI, Inc. (the “ Company ”) announced that Nitesh Sharan will resign as Chief Financial Officer, effective April 3, 2026 (the “ Transition Date ”), to assume a leadership role at a company in the quantum computing space. Mr. Sharan’s resignation is for personal reasons and did not arise from any disagreement on any matt…